VeriSign Jacks Up .com, .net Prices To the Max 215
se7en writes "VeriSign is jacking up prices for the .com and .net domains for the second year running, increasing both by the maximum 7% allowed under its exclusive contract with ICANN. 'Assuming that VeriSign continues the 7 percent rise each year (which seems reasonable given the company's history), registrars will be looking at $9.00 for .com domains by the time the current contract ends in 2012 — a 50 percent increase in six years.' Registrars have no choice but to pony up, and chances are they'll pass the pain on to customers."
And? (Score:5, Insightful)
Re:And? (Score:5, Insightful)
In a sane world, behaving like a bunch of asshats by trying to squeeze us for every penny they can, would mean that their contract wouldn't be renewed by ICANN; so there would be such an incentive. In a sane world.
Of course, we do not live in a sane world.
Re:And? (Score:5, Insightful)
Oh wait.
Value of the once almighty dollar. (Score:5, Insightful)
Given the recent drop of the value of the dollar, that means that much of the rest of the world whose currency isn't based on the US dollar will see a 1% price drop, instead of a 8% price drop.
Re:And? (Score:4, Insightful)
If they don't, shareholders will become former shareholders, and/or try to find reasons to sue. This is true about any company, if any company cuts prices on a flagship product, they need to have a good reason (such as a new model, competition is forcing their hand, or perhaps going for higher volume sales) to explain why to shareholders why they did so and why they chose to get less income.
Verisign isn't perfect, but the real culprits are ICANN, and the short range thinking of stockholders in the US who only care about what is coming next quarter, rather than being with a company long term. I'd rather invest in a company who has multiple subsequent quarterly charges against their income for R&D than one which always makes the numbers (even barely) each quarter, but really has no real direction to expand.
I dont understand (Score:3, Insightful)
Re:Can't say I mind... (Score:5, Insightful)
Is it bullshit ? Yeah, absolutely. Is there much we can do about it ? Not really.
Re:Will this make spamsites unprofitable? (Score:3, Insightful)
Re:And? (Score:5, Insightful)
Granted, I agree. If you can't afford $10 - $15 / YEAR for your domain then you're not getting much out of it. But then again, not all
Obsolete (Score:2, Insightful)
Re:The USA: Land of Competition (Score:5, Insightful)
The only real competition that the government cares about is who can shove the most 'campaign funds' into each politician's pockets.
Re:Will this make spamsites unprofitable? (Score:3, Insightful)
I think changing policies on domain tasting would do a hell of a lot more.
Re:Can't say I mind... (Score:4, Insightful)
Re:Can't say I mind... (Score:1, Insightful)
The whole idea of limiting TLDs to a few category-like names (outside of CCTLDs) is the primary economic problem with the domain name system. DNS is not a directory and can't be one. Domain names are administrative boundaries, not content descriptors. There should be thousands of TLDs, so that there is enough variation that you have to pay attention to the "suffix" of a domain. Then people wouldn't so easily think that
Re:Will this make spamsites unprofitable? (Score:1, Insightful)
Re:Prices need to go up much further (Score:2, Insightful)
Re:And? (Score:5, Insightful)
Well, you're not getting much money out of it.
Re:Will this make spamsites unprofitable? (Score:4, Insightful)
Or it wouldn't be if not for domain kiting.
Re:And? (Score:3, Insightful)
Re:Will this make spamsites unprofitable? (Score:5, Insightful)
Especially if they are also scammers who don't pay their bills in the first place.